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Nov 28, 2012
11/12
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the white cells, the democrats and republicans have yet to agree on how to avert an economy crushing series of automatic tax increases and spending cuts due to take effect in january. >> former giants slugger and baseball's home run king barry bonds is set to appear on baseball's hall of fame ballot for the first time. the ballot will be released later today. also expected on the list is outfielder sammy sosa and former see why young winner roger clemens. bonds was convicted of a felony count of what structure of justice for his role in hindering an investigation and steroids and professional sports. >> we have a shot with our live jackie sizzle where it is rain and it is heading south. we will have more on the movement of the rain in a few minutes. when i take a picture of this check, it goes straight to the bank. oh. oh look the lion is out! no mommy no! partner. jonathan will banks. who was in court last partner. jonathan will banks. who was in court last don't worry honey, it only works on checks. deposit checks from your smartphone with chase quickdeposit. just snap a picture, h
the white cells, the democrats and republicans have yet to agree on how to avert an economy crushing series of automatic tax increases and spending cuts due to take effect in january. >> former giants slugger and baseball's home run king barry bonds is set to appear on baseball's hall of fame ballot for the first time. the ballot will be released later today. also expected on the list is outfielder sammy sosa and former see why young winner roger clemens. bonds was convicted of a felony...
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i see her a bit exposed damaging economies all the way from africa to. congo surround sound to a bank in goma they're looting the bank a un source said later another un source denied that there had been money in the bags insisting they were full of being a lot of the central banks are collateralized by beings that's similar to the bank of england mark carney is going to be arriving to the bank of england in a few short months and he'll find that in the vaults bags. and some of boris johnson's wigs but other than that there's nothing to collateralize his bank so yes of course you've got incredible similarities central banks are being looted the rebels whether they're in africa or in england. the motive is the same. and we will be back with more international news in just a few months. looking at some talks you simply do not believe they come speak and goodness how they can wrong oh. it's an international sled dog race with those driving the dogs. coming from as far away as a strand in canada and the us they come to russia and everybody is so very friendly
i see her a bit exposed damaging economies all the way from africa to. congo surround sound to a bank in goma they're looting the bank a un source said later another un source denied that there had been money in the bags insisting they were full of being a lot of the central banks are collateralized by beings that's similar to the bank of england mark carney is going to be arriving to the bank of england in a few short months and he'll find that in the vaults bags. and some of boris johnson's...
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to the greek economy not to mystic statements that make the opposition i mentioned the social democrats they're saying that they need to. restructuring for greece will have to wait until after the general election takes place here so with the chancellor of the election starting to come into view on. being politically embarrassed by having to go back on a promise she's made it's all stone to be a very interesting debate when german politicians discuss the latest financial aid package for greece it all reporting there next hour max kaiser and state her work to expose bank looters damaging economies all the way from africa to. congo rebels around central banking goma they're looting the bank a un source said later another un source denied that there had been money in the bags insisting they were full of being a lot of the central banks are collateralized by beans that's similar to the bank of england mark carney is going to be arriving to the bank of england in a few short months and else find that in the vaults bags. and some of boris johnson's links but other than that there's nothing to
to the greek economy not to mystic statements that make the opposition i mentioned the social democrats they're saying that they need to. restructuring for greece will have to wait until after the general election takes place here so with the chancellor of the election starting to come into view on. being politically embarrassed by having to go back on a promise she's made it's all stone to be a very interesting debate when german politicians discuss the latest financial aid package for greece...
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>> well, i think the bigger issue higher tax rates slow down the economy and in a slow economy as we're facing now to be raising rates even higher, i can't imagine any economist really supporting that, regardless what is going on the fiscal side. melissa: you're sing this is the entire wrong conversation to be having anyway, talking about taking more money away from individuals and giving it to the govnment is not good for the economy no matter what? >> exactly. particularly when the economy is weak. even keynesian economists will tell you that is not the rightime to raise taxes. >> i don't think so. we have a lot of kensyians are saying there is no demand. government has to make up for the demand that doesn't ext from consumers. that means you have to give them money to go out there and spend, no? >> they wld say you spend but noo say tax at the same time. they would say that will counteract whatever spending you do, the tax increases. i think what you need to do is actually cut spending. at a minimum keep taxes where they are. be betterf you could even reduce them. if you need to rais
>> well, i think the bigger issue higher tax rates slow down the economy and in a slow economy as we're facing now to be raising rates even higher, i can't imagine any economist really supporting that, regardless what is going on the fiscal side. melissa: you're sing this is the entire wrong conversation to be having anyway, talking about taking more money away from individuals and giving it to the govnment is not good for the economy no matter what? >> exactly. particularly when...
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find out what's really happening to the global economy with mike's cause or for a no holds barred look at the global financial headlines tune into a report. on my. use of the some of the specifics of. what is politics want to blame for the institutional corruption the endless wars in the burgeoning homelessness what if rather these are all. just symptoms born out of an outdated social structure that's the revolutionary idea behind the explosives documentary trilogy since the first movies released in two thousand and seven these documentaries have been translated into forty different languages and been seen by hundreds of millions of people around the world but the ideas brought forth by the documentaries quickly transcended film and spawn the movement a global sustainability advocacy organization that's revolutionizing the way people think and act and now the filmmaker will be reenergizing the movement with yet another series titled inner reflections here to talk about the culture in decline this movement and where there may be a glimmer of hope and dream of the filmmaker himself peter
find out what's really happening to the global economy with mike's cause or for a no holds barred look at the global financial headlines tune into a report. on my. use of the some of the specifics of. what is politics want to blame for the institutional corruption the endless wars in the burgeoning homelessness what if rather these are all. just symptoms born out of an outdated social structure that's the revolutionary idea behind the explosives documentary trilogy since the first movies...
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better expression to perpetuate the real driver of our economic system which is the monetary market economy itself and those are values that are they're confused people and they think that when they go into a voting booth and elect somebody that they're going to actually change something but if you look at the historical record which unfortunately many have not especially since the beginning of america very little changes occurred really when it comes to the election of any single individual or the. conglomerate actions of the congress or whatever parliament institution what have you in this just a cool element is lost unfortunately i'm not this isn't projection to say that oh it's just to be cynical say it doesn't matter if you vote this is proven right so the effect of these elections is not given the correct gravity because it's very small i'd say maybe ten percent is how effective the election of a new president really may be yeah exactly i mean and it also serves to disempower and disillusion people into thinking that they do have a choice and of course every four years nothing changes
better expression to perpetuate the real driver of our economic system which is the monetary market economy itself and those are values that are they're confused people and they think that when they go into a voting booth and elect somebody that they're going to actually change something but if you look at the historical record which unfortunately many have not especially since the beginning of america very little changes occurred really when it comes to the election of any single individual or...
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Dec 1, 2012
12/12
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it cost the economy $17 billion. cbs news las angeles. >> a lot of people about to spend several hours in nasty weather this weekend. the 30th california international marathon which runs from folsom to sacramento will start as scheduled 7:00 sunday morning. that means about 15,000 people will run 26 point -- well i don't know if they'll run it. some will walk. 26.2-miles in whatever the conditions bring. paul deanno here to tell us when we might see the absolute worst the storm system has to offer. >>> i'm not sure if you can pick a worst time to start a marathon. sunday. 7:00. yeah you know. some would argue there's no good time to start marathon but our producer will run it and he's going to be very soggy. we have scattered showers and the roads are wet. heading towards san francisco. it's 59 degrees. hello. high definition doppler radar. strongest radar in town. active this morning. less this evening. we're in break between weather systems a few light showers south to walnut creek. pleasant hill. the rain will pi
it cost the economy $17 billion. cbs news las angeles. >> a lot of people about to spend several hours in nasty weather this weekend. the 30th california international marathon which runs from folsom to sacramento will start as scheduled 7:00 sunday morning. that means about 15,000 people will run 26 point -- well i don't know if they'll run it. some will walk. 26.2-miles in whatever the conditions bring. paul deanno here to tell us when we might see the absolute worst the storm system...
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Nov 29, 2012
11/12
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KRON
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economy grew at 2.7% for july through september. that is up from initial investment of 2%. this is the best third quarter performance in two years and companies spent more to build up inventories in the third quarter than originally estimated in the u.s. trade deficit. some positive news so let's see what happens on wall street when the bell rings and 15 to 20 minutes from now. >> ito's music software could launch as early as today. today is the second to last day before apples deadline for releasing new software. apple's last major overhaul of i tunes was september of 2010. >> we will take a closer look at a crime spree suspect that is just 15 years old. he is accused of robbing stores in the south bay. also your lead is weather and traffic on the kron4 morning news. a live look to the golden gate bridge it is dry on the 1 01 but his plan to get wet later on today. we will be back. when i take a picture of this check, it goes straight to the bank. oh. oh look the lion is out! no mommy no! don't worry honey, it only works on checks. deposit checks from your smartphone with
economy grew at 2.7% for july through september. that is up from initial investment of 2%. this is the best third quarter performance in two years and companies spent more to build up inventories in the third quarter than originally estimated in the u.s. trade deficit. some positive news so let's see what happens on wall street when the bell rings and 15 to 20 minutes from now. >> ito's music software could launch as early as today. today is the second to last day before apples deadline...
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Dec 4, 2012
12/12
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CSPAN
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economy and they all know it. there is no country in the world for the people in charge do not understand that they benefit from a strong, dependable, secure u.s. economy and energy is the key, i think. >> christine, can i just say something here? i think one program we have done in securing american pricing energy and is something of note that many of us have seen. futurering america's energy, the oil shock wave. i think it speaks to several key messages. just as we did in 2005, they're just as relevant today when we were importing 60% vs. 40% and continuing to go down. they also fall along what senator blunt said house well. but you see from when we have the oil crisis, there is no such thing as energy independence. some fear we define the problem as energy independence and it is all about imported oil. but then we solve a problem. we have been saying we needed to end our dependence on foreign oil, but the truth is we have a dependence on oil and any thing that happens anywhere in the world affects us here. if w
economy and they all know it. there is no country in the world for the people in charge do not understand that they benefit from a strong, dependable, secure u.s. economy and energy is the key, i think. >> christine, can i just say something here? i think one program we have done in securing american pricing energy and is something of note that many of us have seen. futurering america's energy, the oil shock wave. i think it speaks to several key messages. just as we did in 2005, they're...
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Nov 30, 2012
11/12
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CNBC
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all economies want to recover. what happens is we get bad government policy that can slow the rate or even abort it. we need to look at the policy instead of continually hammering asset purchases through the fed. i think there are great risks to the fed policy, and there are very little benefits. perhaps some cost. we're buying $40 billion of bonds per month, increasing the money supply. now they're talking for various technical reasons to buy 45 billion more of u.s. treasury securities. that's 85 billion, that would be another $1 trillion in the american pump priming money supply after they've already done close to $2 trillion already. so we're at $3 trillion rising toward 3.5 trillion. here's my question. this stuff is not getting into middle america. like, to me, what the fed is doing is they're really helping the big new york wall street banks, helping them buy commodities, stocks, currencies, i don't see this pardon the phrase trickling down to main street community banks, small businesses. it's all sitting on
all economies want to recover. what happens is we get bad government policy that can slow the rate or even abort it. we need to look at the policy instead of continually hammering asset purchases through the fed. i think there are great risks to the fed policy, and there are very little benefits. perhaps some cost. we're buying $40 billion of bonds per month, increasing the money supply. now they're talking for various technical reasons to buy 45 billion more of u.s. treasury securities. that's...
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Dec 4, 2012
12/12
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this impacts the economy and uncertainty out there that is lingering is creating havoc with our economy and our states and in my particular budget, not only don't we have growth money which we're anticipating in utah which is having a pretty healthy economy, we could take as much as a $500 million loss in revenue strings because of not getting it resolved. we're going to encourage people to come together and get it done. we're also saying that states are willing to do our part. we understand this will be a shared sacrifice as you have to look at spending cuts. states are willing to do more with less. we're asking for more flexibility. it's a common theme that we've talked about with the president, with congress. give us more flexibility. take away some of the strings and we can do more with less, help you balance your budget. >> governor walker what exactly did you say to our president and did you talk about taxes? >> well, in our case, as jack and mary both mentioned, we're not here as individual governors. we're here as part of the national governors so tp it wasn't to discuss a speci
this impacts the economy and uncertainty out there that is lingering is creating havoc with our economy and our states and in my particular budget, not only don't we have growth money which we're anticipating in utah which is having a pretty healthy economy, we could take as much as a $500 million loss in revenue strings because of not getting it resolved. we're going to encourage people to come together and get it done. we're also saying that states are willing to do our part. we understand...
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Dec 1, 2012
12/12
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KICU
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. >> increasing tax rates draws money away from our economy that needs to be invested in our economy to put the american people back to work. now, it is the wrong approach. sthao republicans want the tax cut extended for everyone not just the middle class. they will work towards an agreement before the january 1st deadline. the gridlock on capitol hill was left unchanged. nasdaq dropped chose to 2. the judge says the boy scouts do not have to release files containing decades of sexual abuse complaints. a court in texas allowed the release of files from 1959 to 1985. they listed hundreds of cases in which scout leaders or volunteers from the bay area were dismissed for their behavior. the order today covers files from 1985 to last year. the spokesman says keeping cases confidential encourages people to report abuse. >>> a south bay mansion is the scene of a homicide. why investigator his to rush to collect evidence. >>> and everyone wants to know is this the moment one man learned that his life had changed forever? the video that may answer the mystery surroundinged with's massive pow
. >> increasing tax rates draws money away from our economy that needs to be invested in our economy to put the american people back to work. now, it is the wrong approach. sthao republicans want the tax cut extended for everyone not just the middle class. they will work towards an agreement before the january 1st deadline. the gridlock on capitol hill was left unchanged. nasdaq dropped chose to 2. the judge says the boy scouts do not have to release files containing decades of sexual...
SFGTV2: San Francisco Government Television
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Nov 28, 2012
11/12
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let's get this but do it in a way that exacerbates the uncertain economy. the second -- we have to happen through innovation. whether it is the space program or tax credits for renewable energy. all that is important. we have to keep that going. that will get hard because we will face is demographics. that is my 74th birthday on april 7. i am aware of the and aging population which i have become and we are an aging population relative to what we were. luckily, we have millions of fresh arrivals that are younger and are energetic and they come from all over the world. we have to make sure our education system lifts them to their highest aspirations. when the society ages, it tends to -- it declines. that is the big demographic imperative. i was reviewing one of my favorite books on the roman republic. how did this village on the tiber grow to be the absolute leader of the known world in a few hundred years? it expanded its territory by plunder, by what ever. details. it was not pretty. [laughter] it added people, it kept getting bigger and incorporated the p
let's get this but do it in a way that exacerbates the uncertain economy. the second -- we have to happen through innovation. whether it is the space program or tax credits for renewable energy. all that is important. we have to keep that going. that will get hard because we will face is demographics. that is my 74th birthday on april 7. i am aware of the and aging population which i have become and we are an aging population relative to what we were. luckily, we have millions of fresh arrivals...
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economy yiflts believe personal income won't be as robust as predicted. prop 30 boosts sales taxes a quarter cent and retroactively raises income taxes for the wealthy. >> jazz fans mourning the passing of dave brubeck. brubeck attained pop star acclaim with his album timeout, the first ever million selling kÑÑ0gó;vtv it included classic hit "take five" which you just heard. he was famous for playing in black jazz clubs during the height of segregation. dave brubeck died in connecticut one day short of his 92 birthday. >> with a a gift to all of use spencer christian had a chance to meet with him. >> great pleasure of seeing him perform several times. met him once, what a ja. just warm, accessible ask engaging. and a genius. >> yes. yes. >> absolutely. well, let's talk weather. things are beginning to calm down a bit. we're going to be drying out soon. a live view from our camera in emeryville looking at cloudy skies. not many locations receiving rainfall but we do have showers showing up down in parts of the south bay. there you can south of san jose
economy yiflts believe personal income won't be as robust as predicted. prop 30 boosts sales taxes a quarter cent and retroactively raises income taxes for the wealthy. >> jazz fans mourning the passing of dave brubeck. brubeck attained pop star acclaim with his album timeout, the first ever million selling kÑÑ0gó;vtv it included classic hit "take five" which you just heard. he was famous for playing in black jazz clubs during the height of segregation. dave brubeck died in...
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Dec 1, 2012
12/12
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CSPAN
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>> i think the key is the economy. these disparities, the economy, it is the main reason for. you must understand the biggest problem in the arab world for the palestinians come up the middle class does not exist. the backbone of a very stable country, democratic countries, prosperity is it the existence of the middle-class. what you have and egypt is a disparity between a very rich oligarch. the problems of what you have in europe, the most successful countries like switzerland, norway, 90% is a successful middle-class. they must develop the middle class. it is impossible to build a democratic country, a tolerant country that is ready to coexist. >> you cannot move to scandinavia. that is not one of the options for israel. let me ask you this question. as opposed from lurching from conference to conference, when you think over a 10-year or 20- year horizon, given your pessimism about the palestinians, think about it further out. what is it that we in america are helping you attain? is it to continue the status quo? is it to have a negotiated peace? >> i completely agree with
>> i think the key is the economy. these disparities, the economy, it is the main reason for. you must understand the biggest problem in the arab world for the palestinians come up the middle class does not exist. the backbone of a very stable country, democratic countries, prosperity is it the existence of the middle-class. what you have and egypt is a disparity between a very rich oligarch. the problems of what you have in europe, the most successful countries like switzerland, norway,...
SFGTV2: San Francisco Government Television
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Dec 6, 2012
12/12
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SFGTV2
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embrace diversity and that build a culture that says, you know what, if you want to compete in the global economy tomorrow, pal, you've got to embrace diversity. why does coca-cola write a brief to the united states supreme court and general motors and microsoft on issues of diversity and higher education? because they know if they want to get ahead, they've got to embrace that diversity. if they want to continue to be a fortunes 50 company, there's got to embrace diversity. similarly if we want to get down to the local level and address this issue, we've got to teach our kids that the sooner that you embrace difference and understand that your muslim classmate or your seat classmate or your gay classmate or your limited english professor classmate might be tomorrow's ceo or today's best friend of yours, the better off we will be. you have a leg up, having done about 30 jury trials across this country and seen interactions between people of diverse backgrounds. >> and here we try to celebrate, not just embrace, our diversity. celebrate all our interesting diversity but also celebrate the things t
embrace diversity and that build a culture that says, you know what, if you want to compete in the global economy tomorrow, pal, you've got to embrace diversity. why does coca-cola write a brief to the united states supreme court and general motors and microsoft on issues of diversity and higher education? because they know if they want to get ahead, they've got to embrace that diversity. if they want to continue to be a fortunes 50 company, there's got to embrace diversity. similarly if we...
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Nov 29, 2012
11/12
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KRON
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it is helping our economy. purchases for previously owned homes in the month of october climbed 5% we were supposed to come up with a 1% climb. americans feel better and better about their home price in putting their homes up for sale. the economic cycle is positive. i like what we see. >> that is under year when a column. under your loser, you have trumps and macy's.thero dump the trump. people do not seem to like him personally and is that having an impact on sales of his product at macy's? >> i never understood this in any way shape or form. people look at donald trump as his business and even though he has been been crafted to are three times. he got his money from his daddy. there macy's see them all came out and said we listen to their customers and customer is buying his goods. they should take a look at the new research for a poll that came out showing macy's approval rating from women 18 to 35 has plunged below that of the worst retailer out there j.c. penney's. macy's brand is just collapsing. maybe i
it is helping our economy. purchases for previously owned homes in the month of october climbed 5% we were supposed to come up with a 1% climb. americans feel better and better about their home price in putting their homes up for sale. the economic cycle is positive. i like what we see. >> that is under year when a column. under your loser, you have trumps and macy's.thero dump the trump. people do not seem to like him personally and is that having an impact on sales of his product at...
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. >> defense is a big part of southern california economy. cuts would affect there. >> this afternoon the speaker of the house delivered the g.o.p.'s proposal reducing national debt by $2.2 trillion. including new tax revenue but leading cuts for the top 2% in place. today the president ignored reporter questions about that republican plan but later in a statement the white house rejected it. abc 7 news believes a deal will be struck about the deadline, it will be the republican that's give ground. >> i think this time around, obama learned from his past mistakes and importantly, advantage that if he does nothing he's in better shape than republicans oor professor cane says congressional republicans holding middle class cuts hostage in order to force the president's hand. the problem is the g.o.p. cannot afford to carry out that threat and they're blamed for raising everyone's taxes in order to protect the rich and put republican party in a dark hole. >> mark, thank you. >> on wall street today, stock prices fell on concern the deficit deadlo
. >> defense is a big part of southern california economy. cuts would affect there. >> this afternoon the speaker of the house delivered the g.o.p.'s proposal reducing national debt by $2.2 trillion. including new tax revenue but leading cuts for the top 2% in place. today the president ignored reporter questions about that republican plan but later in a statement the white house rejected it. abc 7 news believes a deal will be struck about the deadline, it will be the republican...
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Dec 1, 2012
12/12
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CSPAN
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our problem today with the palestinians is not to help them, not to develop their economy, but to deal with corruption in their ministration. we draw our conclusions in this situation as we have today. we will try to compensate all of our losses, especially with our electricity company. we will respect all of our obligations, but it is not our duty to pay every month the mahmoud abbas apparatus. >> you will cut back. >> i am sure iran will pay all of his debts and for all of his problems, no doubt. >> a question from this side of the room which i have ignored. and wonder if he could get the microphone. >> thank you. my name is muhammed. i'm the ambassador of egypt. someone next to me at the table suggested it would be a good idea if i gave my own interpretation of the subjects the honorable minister has expressed. i think that would take a couple of hours. i will make a few remarks, and in the and i will ask a question. >> really heavyweight, all questions. >> first of all, regarding the arab spring, specifically countries like egypt. we do have poverty and disparities in income, and w
our problem today with the palestinians is not to help them, not to develop their economy, but to deal with corruption in their ministration. we draw our conclusions in this situation as we have today. we will try to compensate all of our losses, especially with our electricity company. we will respect all of our obligations, but it is not our duty to pay every month the mahmoud abbas apparatus. >> you will cut back. >> i am sure iran will pay all of his debts and for all of his...
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Dec 2, 2012
12/12
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i travel the world working to help people everywhere take part in the global economy, and we never lose sight of the fact that iranians deserve this no less than any other people. america's goal is to change the iranian leadership's calculus. we have worked with the p-5 plus 1 to put a credible offer on the table. if there is a viable diplomatic deal to be had, we will pursue it. and should iran finally be ready to engage in serious negotiations, we are ready. when iran is prepared to take confidence-building measures that are verifiable, we are prepared to reciprocate. what we will not do is talk indefinitely. the window for negotiation will not stay open forever. president obama has made that clear, and by now i think it should be clear this is a president who does not bluff. he says what he means, and he means what he says. the second shared goal i want to discuss is this -- now that rocket fire from gaza has stopped, america and israel have to work together with partners in the region to turn the ceasefire into a lasting calm. now, we have no illusions about those who launched the r
i travel the world working to help people everywhere take part in the global economy, and we never lose sight of the fact that iranians deserve this no less than any other people. america's goal is to change the iranian leadership's calculus. we have worked with the p-5 plus 1 to put a credible offer on the table. if there is a viable diplomatic deal to be had, we will pursue it. and should iran finally be ready to engage in serious negotiations, we are ready. when iran is prepared to take...
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what's really happening to the global economy. there are no holds barred the global financial headlines kaiser report. good leverage surely. to build the world's most sophisticated. mission to teach me. this is why you should. only. argy dot com lead i've . i've . experienced. at least. it's.
what's really happening to the global economy. there are no holds barred the global financial headlines kaiser report. good leverage surely. to build the world's most sophisticated. mission to teach me. this is why you should. only. argy dot com lead i've . i've . experienced. at least. it's.
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Nov 28, 2012
11/12
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KTVU
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and help the economy that this free epic work will help. >> it will generate jobs. >>> two of the $8 million needed to finish the project still need to be raised. all in all quite a project. reporting live consumer editor tom vacar, ktvu channel 2 news. >>> and ktvu.com has video of what the bay bridge light show will look like when it's all done. just look under the hot topics on our home page. >>> some breaking news right now in the east bay. students are protesting tonight on the uc berkeley campus. we want to show you live pictures right now from the scene. these brought to us by news chopper 2 of that protest. the demonstration appears to be over the proposed demolition of the building you just saw there with banners unfurled coming out of the windows. we do have calls into the school and campus police to try to figure out tonight why students are gathering here and holding this protest. again live pictures here. you can see some banners that protesters have unfurled from this building. officers are now blocking the entrance to that building. we're working to get more informatio
and help the economy that this free epic work will help. >> it will generate jobs. >>> two of the $8 million needed to finish the project still need to be raised. all in all quite a project. reporting live consumer editor tom vacar, ktvu channel 2 news. >>> and ktvu.com has video of what the bay bridge light show will look like when it's all done. just look under the hot topics on our home page. >>> some breaking news right now in the east bay. students are...
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and what more could be done to boost the economy. here is some of what he had to say. >> conversation was ceos, they teal me we're ready to fire. -- hire. but we want a little bit of certainty out there. and what is missing is not only a deal, on long term deficit reduction. what smising is steps we can be taking now. >> if you own shares of oracle, next check will be bigger than usual. ora cell will pay next three dividends at once. the software giant joins a lift of companies moving dividends forward into the year to avoid a phone shall tax hike in january. and shares of pandora falling after the company says the loss will be wider than forecast. it wasn't all bad news, pan doora said sales rose 60% and profits rose 187%. stocks were little changed after the president held his ground about raising taxes to the highest income tern americans. your bloomberg silicon valley index closed qlor, apple, google and ebay dragging index down. disney and net flix reached an agreement giving subscribers first access to movies made by pixar, dis
and what more could be done to boost the economy. here is some of what he had to say. >> conversation was ceos, they teal me we're ready to fire. -- hire. but we want a little bit of certainty out there. and what is missing is not only a deal, on long term deficit reduction. what smising is steps we can be taking now. >> if you own shares of oracle, next check will be bigger than usual. ora cell will pay next three dividends at once. the software giant joins a lift of companies...
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Dec 3, 2012
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economy into another recession. >>> people on both sides of the controversial same sex marriage issue will be closely watching the u.s. supreme court this morning. just an hour and a half from right now the high court is due to release another list of cases. coming up at 5:15 what it will mean if california's proposition 8 is on that list and what it means if it's not. >>> muni and other agencies are thinking about a controversial plan when it comes to their fair rates. muni is considering basing how much people pay on how much money they earn. according to the examiner some people don't think it's fair that people who are struggling to pay their bills have to pay $64 for a monthly pass while senior citizens who have more money are only paying $22 for the same fair. now this newest plan was triggered by the debate over providing free muni passes to low income youth. >>> 5:04 is the time. we are still talking about that accident in livermore. let's go to tara. >> this is on 580 eastbound. it happened at flin road. we had a high speed chase involving two chp patrol cars. one ended up fl
economy into another recession. >>> people on both sides of the controversial same sex marriage issue will be closely watching the u.s. supreme court this morning. just an hour and a half from right now the high court is due to release another list of cases. coming up at 5:15 what it will mean if california's proposition 8 is on that list and what it means if it's not. >>> muni and other agencies are thinking about a controversial plan when it comes to their fair rates. muni...
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Dec 4, 2012
12/12
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CNNW
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economy about $1 billion. is wr? >> reporter: well, what's wrong the clerical union, folks striking there behind me, blocked several terminals here at ports of los angeles and long beach. it is a massive operation here nearly ahalf trillion in goods come through every year, it's huge. 40 ship affected. several and berthed here. several turned away. others awaiting in the ocean. we understand there is a press conference with the mayor, dramatic negotiations finally going on on this. they hadn't been talking for some type. mayor villaraigosa coming in from overseas trip last night, 10:30, 11:00 pacific time, went straight to negotiations not far from here. he's been there all night long on their backs and he's doing a press conference in 25 minutes or so. that probably means there is a deal at hand. >> a billion dollars a day, i hope they're bringing out all of the stops at this point. if you're out there, check one of those carriers and see if perhaps my ninjago is there for my kid. it's going to drive me crazy. >> re
economy about $1 billion. is wr? >> reporter: well, what's wrong the clerical union, folks striking there behind me, blocked several terminals here at ports of los angeles and long beach. it is a massive operation here nearly ahalf trillion in goods come through every year, it's huge. 40 ship affected. several and berthed here. several turned away. others awaiting in the ocean. we understand there is a press conference with the mayor, dramatic negotiations finally going on on this. they...
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Dec 4, 2012
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but have a lot of impact on state and local economies, as well, and their state budgets, et cetera. the president, though, is standing firm. and jake carney saying unless the republicans give in on tax rates and raise the bush tax rates on the rich, there is no deal and the president is willing to go off the cliff. they hammered speaker boehner's proposal. >> we don't know who pays. we don't know what we are talking about in terms actual legislation to increase revenues it is magic beans and fairy dust. >>reporter: it doesn't sound like they are ready for a compromise. he said they do not take speaker boehner's proposal seriously enough to offer a counterpropsal so the white house believes the ball is still in the republicans' court. >>shepard: but speaker boehner has moved, if shiply and if for the first time in public but he has moved. >>reporter: he has. he is not willing yet, not yet, anyway, willing to raise tax rates. in speaker boehner's proposal he put revenue, tax revenue of $800 billion on the table. you her the white house said this was not enough detail but they say in t
but have a lot of impact on state and local economies, as well, and their state budgets, et cetera. the president, though, is standing firm. and jake carney saying unless the republicans give in on tax rates and raise the bush tax rates on the rich, there is no deal and the president is willing to go off the cliff. they hammered speaker boehner's proposal. >> we don't know who pays. we don't know what we are talking about in terms actual legislation to increase revenues it is magic beans...
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starts to grow again will mean this debt back into the economy and nobody will notice but the economy's not growing so the black hole of debt is getting bigger and there's and here's here's the rub stacey is that the low interest rates that the central bankers claim they are forced to implement due to what they call deflation is causing deflation ok quantitative easing and zero interest rate policies do not fight deflation they cause deflation ok that's what these central bankers don't understand they only have the if they have the sound of one hand clapping they don't understand the economy.
starts to grow again will mean this debt back into the economy and nobody will notice but the economy's not growing so the black hole of debt is getting bigger and there's and here's here's the rub stacey is that the low interest rates that the central bankers claim they are forced to implement due to what they call deflation is causing deflation ok quantitative easing and zero interest rate policies do not fight deflation they cause deflation ok that's what these central bankers don't...
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Dec 6, 2012
12/12
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KOFY
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but a new forecast calls it a double-edged sword because it will drag the economy slowing growth. >> republicans have been saying that for some time. any time that you have higher taxes, it changes behavior but it also dampens the economic recovery. >> they estimated payroll growth to be between 1-2% in the next two years. it predicts unemployment rate will average 10.5% by the end of the year and then go to 9.7% next year with a jobless rate of 8.4% in 2014. >> i think it's an oversimplification. >> an economist who is school finance consultant. he says it doesn't take into account if they rejected prop 30 six billion in cuts mostly to public education. he thinks californians want to trade short term growth for an investment in kids. >> we would have been looking at shortening the school day further, more kids out the streets. that is exactly what the voters didn't want to see. >> for job seekers, to see any slowdown in hiring, even for a good reason is frustrating. >> i look for about a year and a half. everything, i don't know how people survive on it. it's tough. i don't know how
but a new forecast calls it a double-edged sword because it will drag the economy slowing growth. >> republicans have been saying that for some time. any time that you have higher taxes, it changes behavior but it also dampens the economic recovery. >> they estimated payroll growth to be between 1-2% in the next two years. it predicts unemployment rate will average 10.5% by the end of the year and then go to 9.7% next year with a jobless rate of 8.4% in 2014. >> i think it's...
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Dec 2, 2012
12/12
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FOXNEWSW
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at the same time they don't want the economy to go in the hole. the other thing is they don't want the country to go broke, and what the republicans fail to do they fail to community indicate. they couldn't communicate themselves out of 0 wet babier bag. they don't hold barack obama accountable. you're the president and should lead on spending. this move of his give himself powers no president has had you take that to the country and say, you want him deciding he can spend whatever he wants. >> like removing the debt ceiling. >> exactly. i'm saying that's the issue. >> you're saying now that the president should outline the cuts because nobody is going the table to say this has to come off. >> the president has to come up with a reasonable solution that sells. >> why should he if he can blame the republicans? >> at the end of the day, its the era of this president. no one remembers who the speaker was during the depression. >> right. sounds like august 2011, the republicans took a beating over what happened. guess who really paid the price? the pr
at the same time they don't want the economy to go in the hole. the other thing is they don't want the country to go broke, and what the republicans fail to do they fail to community indicate. they couldn't communicate themselves out of 0 wet babier bag. they don't hold barack obama accountable. you're the president and should lead on spending. this move of his give himself powers no president has had you take that to the country and say, you want him deciding he can spend whatever he wants....
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Nov 30, 2012
11/12
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CNBC
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is the economy strong enough to handle that hit? >> well, we reckon the economy is probably growing somewhere in the 1.5% to 2% range and is gradually repairing itself and healing itself with the assistance of the fiscal deficit. and this is one of the key things that if you pull that away too soon, you'll slow down the repair in the private sector balance sheets. and then you'll go much closer to stall speed so the economy will be much more vulnerable and exposed to shocks from europe, oil, you name it. >> and of course it increases the deficit, makes the troubles more difficult to direct longer term and now they want it do sort of the major reform entitlement next year. is that ever going to happen if the impetus isn't to deal with it right away? >> i think nancy pelosi and others are correct that the real issue, not just democrats, but also various republicans and bowles-simpson and everyone else, the real issue confronting the united states is not tomorrow's fiscal cliff. it's the outyears and the fiscal abyss of these entitleme
is the economy strong enough to handle that hit? >> well, we reckon the economy is probably growing somewhere in the 1.5% to 2% range and is gradually repairing itself and healing itself with the assistance of the fiscal deficit. and this is one of the key things that if you pull that away too soon, you'll slow down the repair in the private sector balance sheets. and then you'll go much closer to stall speed so the economy will be much more vulnerable and exposed to shocks from europe,...
SFGTV2: San Francisco Government Television
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Dec 6, 2012
12/12
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under mayor newsom's energetic leadership the economy grew and the city became an economic center for biotech and clean tech. gach newsom has been a trail blaitzer on combating homelessness and protecting the government. in 2007 he was re-elected as mayor with more than 70 percent of the vote, which is unheard of. please welcome our lieutenant governor, gavin newsom. >> my role was to get tom to speak. i'm just going to jump in because i want to keep you all on time. you've got an agenda packet and i'm going to be held accountable if you don't meet it. roslyn, let's pick up on tom's passion. he told me a couple points that are important, that is the consciousness awareness, this growing consciousness around bullying. and it's a question i guess that requires, has bullying gotten worse or have we gotten better to begin to recognize it? >> hard to know. tom and the president refer to as far too often as a rite of passage. we certainly are seeing evidence in ways that i don't recall, the levels of violence, the vitriolic violence, it's not just coming from the back of the school, it's co
under mayor newsom's energetic leadership the economy grew and the city became an economic center for biotech and clean tech. gach newsom has been a trail blaitzer on combating homelessness and protecting the government. in 2007 he was re-elected as mayor with more than 70 percent of the vote, which is unheard of. please welcome our lieutenant governor, gavin newsom. >> my role was to get tom to speak. i'm just going to jump in because i want to keep you all on time. you've got an agenda...
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find out what's really happening to the global economy with mike stronger for a no holds barred look at the global financial headlines to cause a report. called recount in germany over why she signed off on seven hundred thirty million euros where the concessions for greece a hefty bill that would be footed by german taxpayers. the opposition members of the social democrat party have merkel and her center right coalition that's the bundestag is not merely a rubber stamping service and if they want to push through this latest package they're going to have to prove to m.p.'s that it's in the best interest of germany what this latest package contains is a bond buyback scheme low interest rates only the debts that greece has as well as the hunting over of profit from these debts what this century means though is that for twenty thirteen germany is set to lose around seven hundred and thirty million euros to implementing these latest measures all of that of course not making great reading for chancellor merkel she said time and time again that the german taxpayer would not be hit financia
find out what's really happening to the global economy with mike stronger for a no holds barred look at the global financial headlines to cause a report. called recount in germany over why she signed off on seven hundred thirty million euros where the concessions for greece a hefty bill that would be footed by german taxpayers. the opposition members of the social democrat party have merkel and her center right coalition that's the bundestag is not merely a rubber stamping service and if they...
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Dec 4, 2012
12/12
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KQED
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if you don't give us what we want, we'll tank the economy. nice little economy you've got here. shame if shg were to happen to it. this needs to be taken off the table. >> ifill: let's assume we do go over the cliff as you suspect, where do we we land? where is the balance both sides are looking for? >> well, i mean in a way you could say a balanced outcome is that most of the bush tax cuts will survive. the fact of the matter is just a small piece of them is going to be taken away. there's a lot of things that the democrats want: extension of the payroll tax, expansion of unemployment been tits, more stimulus in general. that probably won't happen if we go over the cliff. it's not as if we're talking about a situation in which president obama gets everything he wants. i'm not sure. what we want is the least bad outcome for the u.s. economy. and the u.s. long-term fiscal outlook that we can get. i don't think that balance is what we're seeking. what we're seeking is is let's try not to mess up this situation even more than it already is mess up. >> ifill: do you agree with erski
if you don't give us what we want, we'll tank the economy. nice little economy you've got here. shame if shg were to happen to it. this needs to be taken off the table. >> ifill: let's assume we do go over the cliff as you suspect, where do we we land? where is the balance both sides are looking for? >> well, i mean in a way you could say a balanced outcome is that most of the bush tax cuts will survive. the fact of the matter is just a small piece of them is going to be taken away....
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Dec 2, 2012
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to a consumption economy. they need to free up some sectors, stop subsidizing state owned banks and national champions, they need to do political reform. but what do they think they need to do? >> if you talk to people on the street in beijing these days where i love, what you hear from people over and over again is fundamentally the same thing. they want their expectations of this government to be fulfilled. they want to know fundamentally that this government has the best interest of the people at heart. over the last ten years what they've seen is their own income, family income, has not kept up with the enormous pace of the growth of the economy. they feel ultimately they're not winning out. what the government has to do is figure out a way to reassure people that they are in fact the number one priority. you've heard this over and over again in the first language from this new president. when he gave the first speech he put aside some of the old language about socialism and chinese characteristics and a h
to a consumption economy. they need to free up some sectors, stop subsidizing state owned banks and national champions, they need to do political reform. but what do they think they need to do? >> if you talk to people on the street in beijing these days where i love, what you hear from people over and over again is fundamentally the same thing. they want their expectations of this government to be fulfilled. they want to know fundamentally that this government has the best interest of...
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Dec 3, 2012
12/12
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KRON
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agree but if there is another way to get revenue from upper income americans that doesn't ruin our economy why don't we consider it? >> we won them to tell the american why they won't do it. >> the democratic controlled senate has are the agreed to extend the bush tax cuts for incomes under $250,000 but let the other tax cut expire. it is predicted their rugby at least a short-term deal released before the end of the year. >> of when it comes to a president's second inauguration at the crowd tends to be smaller. that will be the case again this january. the cross the present obama as inauguration on january 21st will be close to 800,000. that is the estimate right now. that is down quite a bit from the 1.8 million people crowded the national mall and 2008. >> i think that is san jose 1 01 northbound on the right-hand side. the commute has not started much, it looks fine. we will be right back. it looks like a positive day of trading the dow was up four points on friday. the nasdaq was up 1/2%. in national stockists stocks are on the rise. the institute for supply management releasing month
agree but if there is another way to get revenue from upper income americans that doesn't ruin our economy why don't we consider it? >> we won them to tell the american why they won't do it. >> the democratic controlled senate has are the agreed to extend the bush tax cuts for incomes under $250,000 but let the other tax cut expire. it is predicted their rugby at least a short-term deal released before the end of the year. >> of when it comes to a president's second...
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the economy is slow. we may or may not go over the fiscal cliff but regardless the economy has stalled and taxes are going up. i mean there is certainty. it is just not great certainty. >> you know, as a family-owned business after 91 years being in business we know that there's a business cycle. what we need to continue to advocate for as job creators is the virtue of free enterprise. we need to stand up for the principles that are going to allow us to provide our people employment, to create prosperity. we have to do that in a unified way because, even though the forecast can look bleak at different times, we have an incredibly resilient economy. great job create, out there given the chance which make a big difference. that is what we have to continue working on. melissa: jim, aren't you afraid of being punished either by the public or by the government for speaking out at this point? i mean i have talked privately to people on wall street who have said, you know, they feel like get pistol-whipped when
the economy is slow. we may or may not go over the fiscal cliff but regardless the economy has stalled and taxes are going up. i mean there is certainty. it is just not great certainty. >> you know, as a family-owned business after 91 years being in business we know that there's a business cycle. what we need to continue to advocate for as job creators is the virtue of free enterprise. we need to stand up for the principles that are going to allow us to provide our people employment, to...
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Dec 5, 2012
12/12
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it was estimated that the strike cost the local economy a billion dollars a day. >> as we take a break. when i take a picture of this check, it goes straight to the bank. oh. oh look the lion is out! no mommy no! don't worry honey, it only works on checks. deposit checks from your smartphone with chase quickdeposit. just snap a picture, hit send and done. take a step forward and chase what matters. your season is here. let's just call it the baking time of year. you need special ingredients. you need the staples. that's a given. you need safeway sugar for just $1.97. and that magic thing that makes everyone want another -- only $2.99 for challenge butter. and when hands get messy, quite surely they'll say, "yum! wow! yay! butter. what a sweeter holiday." safeway. ingredients for life. >> mall come back.along with the there was an accident at silver and there is there recent crash just before cesar chavez is still slowing down the commute. this am bound for weigh is starting to move a little better but it is still slow all the way from octavia street. there is also a report of flooding
it was estimated that the strike cost the local economy a billion dollars a day. >> as we take a break. when i take a picture of this check, it goes straight to the bank. oh. oh look the lion is out! no mommy no! don't worry honey, it only works on checks. deposit checks from your smartphone with chase quickdeposit. just snap a picture, hit send and done. take a step forward and chase what matters. your season is here. let's just call it the baking time of year. you need special...
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find out what's really happening to the global economy with mike stronger for a no holds barred look at the global financial headlines tune into cars a report on our. or. her. clone welcome back you're watching r.t. live from moscow to fans team for a u.s. soldier bradley manning has accused of releasing secret army files to wiki leaks claims he was abused in detention at turning cabin zs believes manning started paying for his alleged crimes long before the trial for nine months he was held at a marine base in quantico which i mention remey because manning is in the army so i was already strained at this marine brig he was held in solitary confinement on a very restricted schedule he was not allowed to do exercise in his cell he was not allowed to lie down in his cell all day today where the sit up without lean back against the wall all day he got out one hour a day for exercise and so it was a very restrictive environment for no good reason at all the military says is that protect him and the bradley manning feels like that in his in his lawyer here that this was punishment for fou
find out what's really happening to the global economy with mike stronger for a no holds barred look at the global financial headlines tune into cars a report on our. or. her. clone welcome back you're watching r.t. live from moscow to fans team for a u.s. soldier bradley manning has accused of releasing secret army files to wiki leaks claims he was abused in detention at turning cabin zs believes manning started paying for his alleged crimes long before the trial for nine months he was held at...
SFGTV2: San Francisco Government Television
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Dec 3, 2012
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our innovative green building policies ensure while the city's population and economy continue to grow we are decreasing our carbon emissions and achieve a sustainable environment. for instance this requires all new buildings designed to meet the gas reduction goals. that means more than 6 million square feet of commercial space and 11,000 housing units all in the development pipeline have been designed using these principles. [applause] in fact san francisco was recently recognized by the world green building council as having the greenest building policy by any local level in the year 2011 and we just began implementing our existing commercial energy performance ordinance which helps private property owners lower energy use. through san francisco's program green sf we are making it easier for property owners to secure financing for green building upgrades and as can you see green buildings has become the standard rather than the exception. for our public libraries to affordable housing units, even to the home of our world series giants and their structure our buildings are achieving
our innovative green building policies ensure while the city's population and economy continue to grow we are decreasing our carbon emissions and achieve a sustainable environment. for instance this requires all new buildings designed to meet the gas reduction goals. that means more than 6 million square feet of commercial space and 11,000 housing units all in the development pipeline have been designed using these principles. [applause] in fact san francisco was recently recognized by the...
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Dec 4, 2012
12/12
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they'll share their views on how to right the japanese economy. they'll debate whether japan should join negotiations on the free-trade agreement known as the transpacific partnership. they'll outline their vision for how to supply the country's energy needs after the nuclear disaster in fukushima. and they'll talk about how to defend national security. the official campaign lasts 12 days. voters head to the polls on sunday, december 16th. earlier i spoke with nhk senior commentator masayo nakajima, who has covered countless elections in japan. i asked him what voters are thinking about most. >> voters are thinking first off about whether the democratic party of japan should stay in power. you know, the dpj swept into power in 2009, ending more than half a century of unbroken rule by the leader democrats. its leaders promised a lot as people used to being in opposition often do. they said they would cut government spending. they said they would stop the construction of a multimillion-dollar dam, make expressways toll free. prime minister noda had
they'll share their views on how to right the japanese economy. they'll debate whether japan should join negotiations on the free-trade agreement known as the transpacific partnership. they'll outline their vision for how to supply the country's energy needs after the nuclear disaster in fukushima. and they'll talk about how to defend national security. the official campaign lasts 12 days. voters head to the polls on sunday, december 16th. earlier i spoke with nhk senior commentator masayo...
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find out what's really happening to the global economy with mike's cause or for a no holds barred look at the global financial headlines tune in to cause a report on our. cut. more news today violence is once again flared up. these are the images the world has been seeing from the streets of canada. china operations are all today.
find out what's really happening to the global economy with mike's cause or for a no holds barred look at the global financial headlines tune in to cause a report on our. cut. more news today violence is once again flared up. these are the images the world has been seeing from the streets of canada. china operations are all today.
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economy still muddling along since the two thousand and eight crisis with the low level of i.p.o. volume since the dot com bubble burst low business investment low were record budget deficits from the government and high unemployment do we actually need a bubble not a case i would make but a very smart gentleman is here to tell us why they can sometimes be good joining me from our new york studio is dr william janeway he's senior advisor for warburg pincus technology and author of the book doing capitalism in the innovation economy markets speculation and the state first thank you so much for being on the show. very good to be here we're going to have you because you have said and i would definitely agree that bubbles have received bad press whether we're talking about the two live bubble in the sixteen hundreds or whether we're talking about the real estate bubble ahead of two thousand and eight but in some instances you say bubbles can be good why can bubbles be good and what kind of a bubble would we need or might we need now well the first thing as you've said is the bubbles o
economy still muddling along since the two thousand and eight crisis with the low level of i.p.o. volume since the dot com bubble burst low business investment low were record budget deficits from the government and high unemployment do we actually need a bubble not a case i would make but a very smart gentleman is here to tell us why they can sometimes be good joining me from our new york studio is dr william janeway he's senior advisor for warburg pincus technology and author of the book...
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Dec 5, 2012
12/12
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KPIX
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. $115billion a year that will go to deficit reduction instead of being pumped into the economy. those in favor of allowing the tax cut to expire argue money for social security payments has to come from somewhere. although he says that somewhere will mean doing without some of the basics. >> it might be a pair of sneakers. it might be the jacket they want to go to school with in the winter. >> the debate in washington is not about the federal budget it's about his family's. jim axle rod cbs news west new york new jersey. >> where in the world is john macafy. why he high tailed it to a luxury resort to try and clear his name. >>> plans to build a little dog, at cepacol we've heard people are going to extremes to relieve their sore throats. oh, okay, you don't need to do that. but i don't want any more of the usual lozenges and i want new cooling relief! ugh. how do you feel? now i'm cold. hmm. this is a better choice. new cepacol sensations cools instantly, and has an active ingredient that stays with you long after the lozenge is gone. ahhh. not just a sensation, sensational rel
. $115billion a year that will go to deficit reduction instead of being pumped into the economy. those in favor of allowing the tax cut to expire argue money for social security payments has to come from somewhere. although he says that somewhere will mean doing without some of the basics. >> it might be a pair of sneakers. it might be the jacket they want to go to school with in the winter. >> the debate in washington is not about the federal budget it's about his family's. jim...
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Nov 29, 2012
11/12
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KGO
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they're the fabric of the country and economy. so want to stress that to them. how important this has been for us and others too. >> he admits the small business benefited from incentive programs. now they have 31 employees. >> new jersey governor says super storm sandy caused $37 billion in damage to his state saying 30,000 homes or businesses were destroyed or sustained damage. he's requesting $37 billion from the federal government. >> and a new un climate change report out says sea level could be prizing -- rising faster than thought. that is especially troubling for those of us living and working near the edge of the bay. and more on the flooding dangers that could be around the corner. >> at high tide this submerged staircase is an erie reminder of the inches separating dry land from water. in 2008 bay waters flooded streets and sidewalks like they did in twut. the united nationspfip level sea levels are rising faster than predicted. >> today's flood going to be tomorrow's high tides. and so we need to get ready for changes, a deeper bay. a bay with bigger
they're the fabric of the country and economy. so want to stress that to them. how important this has been for us and others too. >> he admits the small business benefited from incentive programs. now they have 31 employees. >> new jersey governor says super storm sandy caused $37 billion in damage to his state saying 30,000 homes or businesses were destroyed or sustained damage. he's requesting $37 billion from the federal government. >> and a new un climate change report out...
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Dec 4, 2012
12/12
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KPIX
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important that we're part of the discussions both in terms of the impact it has on our finances and our economies. >> reporter: state government cost lose much-needed federal aid if democrats and republicans don't reach a deal to stop automatic spending cuts before the end of the year. the other issue is taxes. congressional republicans want bush-era tax cuts extended for all americans. president obama says those tax cuts must expire for households making $250,000 or more. >> it's a position that is supported by a majority of the american people. and, you know, we need to see from republicans an acknowledgement of that. >> reporter: the gop proposal that the white house quickly rejected closes tax loopholes and reduces deductions to raise 800 billion-dollar in new revenue. the plan cuts $600 billion in healthcare entitlement programs. >> we are overspending and until you deal with that issue you cannot raise taxes enough to be able to keep one a trillion dollars of accelerate spending. >> reporter: republicans dismissed the president's plan late last week. but now that both sides have numbers on
important that we're part of the discussions both in terms of the impact it has on our finances and our economies. >> reporter: state government cost lose much-needed federal aid if democrats and republicans don't reach a deal to stop automatic spending cuts before the end of the year. the other issue is taxes. congressional republicans want bush-era tax cuts extended for all americans. president obama says those tax cuts must expire for households making $250,000 or more. >> it's a...